HK Stock Market Move | COWELL (01415) rose over 6% in early trading. Institutions point out that the Apple supply chain will be more resilient in the background of rising storage prices.

COWELL (01415) rose more than 6% in early trading, rising 5.92% to HK$29.32 by the time of publication, with a turnover of HK$74.8627 million. On the news front, according to media reports, Apple has agreed to purchase DRAM chips from Samsung Electronics at twice the original price. The report indicates that Apple has raised its iPhone shipping target for this year to 240 million units and is locking in memory capacity through aggressive procurement strategies. Analysts point out that Apple is acquiring memory on the market regardless of cost to further exacerbate its competitors' memory shortage issues, in order to capture a larger market share. CMSC believes that, in the context of rising storage costs in this round, with Apple's excellent supply chain management and more flexible pricing strategies, its related links will be more resilient. As a core supplier of optical cameras for Apple, Gao Wei's rear camera business is entering a period of continuous volume increase. In the coming years, upgrades in optical technology for Apple's smartphones and wearable devices, as well as increases in market share, will drive the company's new round of high growth. At the same time, it is actively expanding into new businesses such as MicroLED and Siasun Robot & Automation, with considerable growth potential.